Non-GAAP MeasuresThe non-GAAP measures shown in this release exclude various items detailed further below. magicJack defines Adjusted EBITDA as GAAP Operating Income (Loss) excluding: depreciation and amortization, share-based expense, a gain in adjustment for operational change related to prepaid minutes, and a loss from additional allowances for access charge billing adjustments. magicJack defines Non-GAAP Net Income (Loss) as GAAP net income (loss) attributable to ordinary shareholders excluding: share-based compensation, a gain in adjustment for operational change related to prepaid minutes, a loss from additional allowances for access charge billing adjustments, a change in losses (gains) on investments, a change in fair value loss (gain) on common equity put options, the income tax (benefit) expense, a gain on in-the-money common equity put options, and dividends on redeemable ordinary shares. magicJack defines Free Cash Flow as net cash provided by operating activities minus capital expenditures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included with the financial information included in this press release. These measures are not in accordance with, or an alternative for, GAAP and may be different from non-GAAP measures used by other companies. Management believes that the presentation of non-GAAP results, when shown in conjunction with corresponding GAAP measures, provides useful information to management and investors regarding financial and business trends related to the company's results of operations. Further, management believes that these non-GAAP measures improve management's and investors' ability to compare the company's financial performance with other companies in the technology industry. Because these items vary significantly between companies, it is useful to compare results excluding these amounts as identified below.
MagicJack VocalTec Reports Record Fourth Quarter And Full Year 2012 Financial Results
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